Brazilian presidential election goes to a second round as far-right candidate narrowly misses an outright win…more

Entry into Force of the U.S. – Federative Republic of Brazil

Air Transport Agreement - We welcome the entry into force on May 21, 2018 of the U.S.-Brazil Open Skies Air Transport Agreement. The Agreement expands opportunities for future air travel and commerce between our two countries, reinforces joint economic cooperation, and strengthens bilateral ties. more

Disney Expansion Turning Orlando Into Hotspot For Brazil Real Estate Investors - Orlando real estate has appreciated 62% over the last five years, according to Dataloft, a UK consultancy specializing in real estate. The average five-year price increase for homes was 34% in the U.S. and 35% in Brazil. Orlando's average home prices are around $290,000. All the expensive ones are near the theme parks and golf courses. more

Moody’s Increases Brazil’s Outlook
Ratings agency Moody’s Investors Service revised the outlook for Brazil’s sovereign rating from negative to stable, in a vote of confidence that the winner of this year’s elections will deliver an unpopular agenda of cuts to government spending. Moody’s expects the incoming administration to resume efforts to approve further reforms, in particular to social security, and to comply with the constitutionally-mandated spending.
Brazil’s Finance Ministry attributed the improvement in Moody’s outlook to belt tightening led by the government’s economic team in the last two years and said the debate on structural changes needs to evolve. The Ministry “reaffirms its commitment to fiscal consolidation and recuperation of economic activity and jobs,” it said in a statement. Read the entire article here

Brazil Records Fourth Consecutive Quarter of Growth
In a March 1, 2018 article, the Financial Times reports positive growth for Brazil’s economy. The country’s economy grew in every quarter of the year, and its GDP increased by 2.1 percent when compared to the same period in 2016. The Organization of Economic Cooperation and Development (OCED) also forecasts Brazilian economic growth in 2018 and 2019.

E-Visa: Gov’t of Brazil makes travel easier and cheaper with new e-visa system
U.S. travelers can now apply online for a Brazilian visa for only $40-- a 75% reduction from the previous visa fee. The U.S. was the fourth country to benefit from the Government of Brazil’s new e-visa system which also includes Japan, Canada, and Australia. Read this New York Times article for more information.

Use Your U.S. ATA Carnet in Brazil!
Brazil is now the third country in Latin America to allow U.S. exporters to bring sample products into the country on a temporary basis without paying import taxes via the ATA Carnet. A Carnet is an international customs and temporary export-import document which allows the holder to avoid import duties for goods which will be re-exported within one year. U.S. exhibitors interested in learning more about this system should first contact their local U.S. Export Assistance Center. Additional information can be found on the ATA Carnet website.